non-executive director

How to become an effective non-executive director

How to become an effective non-executive director In this note, Elise Perraud, Chief Operations Officer of NEDonBoard, explains how to become an effective non-executive director (NED). The note answers frequently asked questions about the role and importance of NEDs, the compensation that NEDs receive and outlines the benefits of starting your journey to non-executive directorship…

NEDonBoard Response to the FRC Consultation upon the proposed ‘Wates Corporate Governance Principles for Large Private Companies’

Having identified the need for corporate governance principles applicable to large private companies, the Financial Reporting Council (FRC), on behalf of James Wates, CBE, published a consultation on a set of principles focused on improving transparency and accountability in this area. ‘Known as the Wates Corporate Governance Principles for Large Private Companies, the principles are…

Most executives who want to become non-executive directors are unlikely to become one. Here is why:

Over the last 4 years, I’ve met with numerous aspiring non-executive directors. I came to this conclusion: it is probable you will never be a non-executive director. Assuming you show an interest in NEDonBoard or you contact me, here are the rough probabilities you can use as a guideline: your chance of becoming a non-executive…

The 5 factors that contribute to effective corporate governance

On 20 March 2018 NEDonBoard hosted our annual conference. We had the pleasure of being joined by Jeremy Small as a keynote speaker. Jeremy addressed the audience on the importance of effective corporate governance and the role of the NED sitting in the boardroom. What is corporate governance? Corporate governance is the structure and processes designed to…

NEDonBoard

Insights from the Boardroom: NEDonBoard Conference 7 Main Take-Aways

On 20th March, NEDonBoard hosted its annual conference, Tomorrow’s Business: Tomorrow’s Board. In this article, we are sharing some of the insights given by our outstanding speakers and panellists:  Jeremy Small, Anna Marks, Dr. Yvonne Thompson CBE, Gillian Karran-Cumberlege, Elisabeth Stheeman, Jemima Coleman, Neil Sinclair, Abeed Janmohamed and Sharon Constancon. For those who attended the…

Corporate Governance Code

The Government’s latest Cyber Governance Health Report

The Government’s latest Cyber Governance Health Check Report, published July 2017, details the responses of a FTSE 350 survey (105 respondents), highlighting that ‘there is a growing understanding of how businesses could be impacted by a cyber incident that affects their key assets.’ The report also highlighted that Cyber risk of FTSE 350 boards is…

Appointing a NXD? – Understand Their Role for a Functional Board

At NEDonBoard’s regular dedicated non-executive director events, discussions with members has, on numerous occasions, turned to the issues around boards fully understanding the role of NXDs and how to enable a functional board. Needless to say, it can be highly unproductive to appoint NXDs to a board when some of the executive team, or even new NXD themselves, don’t fully understand the role of…

Boardroom Dynamics and Challenges – From a Chairman and NED Point of View

Having interviewed Neil Davidson, CBE, NED at Morrisons Supermarket Group and Chairman at Produce Investments PLC, following a NEDonBoard panel evening, there are some clear skills and considerations which best enable a board to work effectively and harmoniously, and for NEDs to connect with fellow board members and carry out their roles and responsibilities. What sets…